Gisele Bundchen has given birth to a baby boy. Husband Tom Brady has a two-year-old son with actress Bridget Moynihan. [People]

A Chantilly lace LBD worn by Audrey Hepburn in How To Steal A Million sold for $97,000. [AP]

Naomi Campbell might do a modeling reality show in the U.K. Then she and Tyra would really have something to fight about. "Naomi has been approached with an offer, which we are talking about and discussing," says her spokesperson, somewhat redundantly. [UK Vogue]

Executives at Maison Martin Margiela have confirmed that the Belgian designer, famous for his closely guarded privacy and his avant-garde designs, has left the house he founded and later sold to Diesel. Margiela's presence or absence at the house had long been a subject of speculation, with most fashion commentators, including us, operating on the understanding that Margiela the person was gone, but this confirmation comes with a twist: Diesel will not be hiring anyone to take Margiela's place. (Haider Ackermann and Raf Simons had been mentioned as potential replacements.) The design work will continue to be spearheaded by the 28-strong creative team, saving the house the expense of a "name" creative director. Will this work? Fashion design is a collective effort — all designers rely heavily on their creative teams for the generation, not just the execution, of ideas — but fashion observers yearn for an identifiable individual (even one who is rarely seen in public) to pin their criticism on. [IHT]

Yesterday morning, police executed raids on 30 businesses on Canal Street in Chinatown, long a hotbed of counterfeiting. The Cut snapped a photo of what a shop without its imitation Coach and Prada goods looks like: basically a particleboard shell with racks and cases. "It's time to take back the streets of New York," said a police officer. Could this be the start of a crackdown? [The Cut]

The counterfeit goods seized, including perfumes and handbags, filled an entire trailer. The sting was the result of a month long investigation carried out by the police and a private firm called Counter Tech. Officers made controlled buys of the imitation goods, which bore the trademarks of companies like Cartier, Gucci, Tiffany, and Chanel, and then used those goods to obtain search warrants. Investigators noted that during the five weeks they observed Canal Street, there seemed to be more foot traffic in the stalls than ever before. [WWD]

Apparently pointing out that Michelle Obama "is not the next Jackie O" is enough to count as evil, unthinkable "sniping." Designer Douglas Hannant allegedly said this perfectly reasonable thing — Michelle Obama and Jackie Kennedy-Onassis are different women who had different roles in public life even if they shared a position, and all the Obama/Kennedy comparisons are a tad trite — and people gasped. [P6]

Vogue is doing a shoot with fashion bloggers. Somehow our invitation must have gotten lost in the post! There are allegedly seven bloggers involved, and only three of them have been named: Tommy Ton of Jak & Jil, BryanBoy, and Todd Selby of The Selby. Who are the others? Garance Dorérecently mentioned losing weight thanks to Anna Wintour in New York, and Tavi Gevinson certainly merits inclusion. Seeing the women behind Refinery29 would also be great (although they were just in Elle). But how much do you wanna bet it'll just be Julia Frakes and Sea of Shoes again? [Fashionista]

Speaking of Tavi: She plays a prominent role in this video about the Rodarte for Target collection. You won't spend a better 2:37 today than watching Tavi interview Elijah Wood and Jason Schwartzman at the Rodarte show, or seeing the Target ad shoot in surprisingly picturesque North Dakota. [Style.com]

Just what you needed for the holidays: A $3,000 Judith Leiber Hello Kitty clutch. [Racked]

Tamara Mellon went out to the premiere of A Single Man after trouncing her mother, Ann Yeardre, in a legal battle. Mellon, the owner of Jimmy Choo, won a $10 million settlement against Yeardre after some Jimmy Choo shares were mistakenly transferred to Yeardre, and she refused to give them back. [P6]

After auctioning off all his and Yves Saint Laurent's artworks and household goods, Pierre Bergé is putting their 5,400 square foot Paris apartment on the market. It has a garden roughly equal in size, and is expected to sell for around $30 million. [WWD]

Curious about who the most powerful 25 people in British fashion are? Well now you can find out. Good to know the British Fashion Council's on top of this stuff. [Telegraph]

Carolina Herrera is opening her first freestanding store on Madison Avenue. [WWD]